Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, successfully closed the sale of affordable housing credits (the "Credits") in Hawaiʻi County, Hawaii at the end of last year. On the heels of that transaction and in response to the outpouring of interest, Hilco Streambank is offering real estate developers and investors in Hawaiʻi County, Hawaii the opportunity to acquire additional Credits that can be used to satisfy the affordable housing obligations under the Hawaiʻi County Code.
Hilco Streambank Executive Vice President David Peress stated, "In response to the significant interest generated from the first offering of Credits, we have made available an additional 10 Credits for sale, although more may be made available upon request." Peress stated that the Credits are especially valuable because there are no radius restrictions, adding that "the Credits may be utilized to satisfy a developer's affordable housing obligations throughout Hawaiʻi County (the Big Island), including projects in Kona and Hilo."
Offers for the Credits are due on February 25, 2020. The minimum offer amount per Credit is $25,000. Further information regarding the Credit transfer process and offer documents can be found here.
Peress continued, "The Credits do not expire, and purchasers may re-sell their Credits in increments of one-half Credit or more. We encourage housing, hotel and industrial project developers and investors with Hawaiʻi County projects in the planning or initial stages of development to contact us for more information regarding how the Credits can add value to their projects."
Parties interested in the Credits or learning more about the sale process should CLICK HERE or contact Hilco Streambank directly using the contact information provided below.
EVP – Hilco Streambank
Senior Vice President – Hilco Streambank
Associate – Hilco Streambank